The Centre on Monday (September 30, 2024) determined to keep up the identical fee of return on small financial savings schemes for the October to December quarter, marking the third successive quarter of establishment on their charges.
The rates of interest on small financial savings schemes similar to Public Provident Fund (PPF) and Nationwide Financial savings Certificates (NSC) are reset every quarter as per a formulation linked to the yields on authorities securities of comparable maturities.
The PPF fee has been frozen at 7.1% since April 2020. The return on Sukanya Samriddhi Account Scheme, which is tax-free like PPF, was raised to eight.2% earlier this yr.
Revealed – September 30, 2024 06:27 pm IST